Kerry Logistics sets range for up to $284 million IPO

The spin-off from Kerry Properties will be fully covered when it opens today after attracting a lot of interest from international investors. Meanwhile, bankers start investor education for China Everbright Bank.

Kerry Logistics Networks will start the management roadshow and institutional bookbuilding for its Hong Kong initial public offering on Monday and has set a price range that will allow it to raise between $245 million and $284 million, according to sources.

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